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There are several ways to get Cryptocurrencies without having to shell out a penny. By following our advice you will begin to familiarize yourself with the world of Cryptocurrencies without making any type of investment. You will therefore be able to become familiar with using wallets, exchanges, and making transfers without any risk (and above all without investing money!).
Although investing in cryptocurrency the right way is the number one strategy to get rich, there are various free alternatives to getting cryptocurrencies. In my opinion, there are only 3 ways worth mentioning if you want to know how to get free crypto.
So let’s get into it.
3 Best Ways How to Get Free Crypto
Faucets are sites that have achieved great popularity with the advent of cryptocurrencies. Initially created as a method to distribute cryptocurrencies for free and promote their use, over time they have become highly sought-after earning systems among those who would like to start accumulating Bitcoins without buying them.
The functioning mechanism of a Faucet is very simple. There are periodic time intervals (from 5 minutes to 24 hours), which allow you to acquire small fractions of crypto through an operation commonly called CLAIM. All you have to do is enter the faucet and solve the verification code.
How much can you earn with a Faucet
Today’s faucets are much more structured and with good promotional activity, you can get some good results. Lots of faucets offer rewards for loyalty, but also give interest on active balance sheets.
All faucets also have an affiliate program and you can earn a commission from your referrals.
To collect your earnings, just open a Bitcoin Wallet. There are many on the market, among which the most popular are Blockchain and Coinbase , on which you can sell your Bitcoins and cash out on Paypal. Coinpayments is also widely used , above all because it allows you to collect many different types of cryptocurrencies with a single account.
Which are the best faucets?
An airdrop is a practice whereby existing owners of a cryptocurrency receive free tokens as a reward. In layman terms, it is a tribute that aims to promote a particular block. Also, loyal customers are rewarded in an attempt to ensure that they continue to subscribe to a particular platform blockchain.
This practice is relatively recent on the crypto market. As a result, no concrete rules on the operation have yet been defined. Perhaps they are on the verge of development, as the project has gained a lot of popularity. Some encrypted websites display rules, but with most, you should contact the developer for more details.
The team that is behind a particular event announces a date of an airdrop. Once the predetermined date has materialized, the crew that manages the runway takes a snapshot of blockchain, with the result that holders of its crypto-currency and receive free tokens.
Most encrypted blockchains, especially during start-up, prefer to announce a launch in advance, rather than surprise with airdrops, all in an attempt to start their projects.
The main reason for this practice is to create awareness, especially for a new virtual currency. The world of virtual currency relies heavily on “hype”. People are constantly on the hunt for the next exciting thing, and as such, free tokens provide an incentive to attract more people to a project.
The announcement of an upcoming airdrop creates the necessary buzz both on social media and in the world of virtual currency.
If you research well, airdrops can be great opportunities to build your positions in coins with big potential. One of the best ways how to get free crypto.
How to get information about Airdrops
Numerous websites and online platforms have been created with the aim of informing users about previous, future and current airsdrops. A good example is Icodrops and Airdropalert, both of which also offer useful advice on upcoming airdrops. Another way to access information about airports is to keep track on the various social media platforms of the projects that interest you (like Reddit and Telegram).
What about ICOs?
Basically, an ICO airdrop occurs when a company launching the first (initial) coin offering offers some of its coins to those interested in virtual currencies for free as a marketing gimmick. Sometimes, however, it may require participants to perform simple tasks.
The Teams Behind Airdrops
This largely depends on the virtual currency involved. However, there are organizations such as the Blockchain Education Network that organize airdrop events to create awareness and also to introduce new people to digital currencies.
3. Play to Earn Models (GameFi)
The third way how to get free crypto I would recommend are play to earn models.
GameFi is one of the hottest trends to emerge from the cryptocurrency industry, combining decentralized finance (DeFi) and non-fungible tokens (NFT) with blockchain-based online games.
Unlike many traditional online games, which operate on a pay-to-win model and allow players to purchase upgrades to gain an advantage over others, GameFi introduces a play-to-earn model. This concept involves giving players financial incentives in form of cryptocurrency to play and progress through the games.
All objects in these types of games are expressed as NFTs – digital tokens used to prove ownership of intangible objects. Once players find and accumulate these items through gameplay, they will have the option to exchange them with others in digital markets for different NFTs or sell them for cryptocurrency.
If you have spare time on your hands, and this is your kind of thing, I recommend Coin Hunt World, a game where you have to go outside and look for cryptocurrency.
Coin Hunt World, a nice graphic game using the NFT system, is a city exploration game. This allows you to wander around your city and search for the different cryptocurrencies that are in the alleys of your hometown.
The game doesn’t really require a walk, just download the app on your phone and explore. The game looks like a mobile game sort of the Pokemon Go genre.
How to Get Free Crypto – Conclusion
I have shown you which are the three best ways how to get free crypto in my opinion.
All of the above strategies take time, and nothing else. At first, it may seem like a long shot, because some of them require you to do daily tasks for very small amounts of crypto, but trust me, over a year, or several years, you can really build up significant positions.
After all, these are ways that don’t require any investments, so expecting to get rich fast would be a little naive.
Hope this was helpful.
To your success!